IAT Insurance Group has announced its decision to incorporate CLARA Analytics’ Claims DocIntel Pro into its auto and general liability claims operations. This advanced tool leverages generative AI to streamline the processing of complex claims, promising significant efficiency improvements.
Trent Haas, Executive Vice President and Chief Claims Officer at IAT Insurance Group, highlighted the potential of generative AI when applied with meticulous care. “Generative AI holds great promise, but its application requires a deep understanding of compliance and operational details,” Haas remarked. “CLARA brings valuable expertise and technology that address cumbersome processes effectively. We anticipate that Claims DocIntel Pro will deliver substantial time savings and enhanced claim insights, benefiting both our adjusters and clients.”
Claims DocIntel Pro is designed specifically for claims professionals, offering advanced capabilities such as the identification of bad faith doctrines, time-sensitive conditions, and critical medical issues. It combines top-tier generative AI models with CLARA’s proprietary technology to produce detailed summaries, create treatment timelines, and evaluate claim escalation risks. Additionally, it provides alerts for required actions. The system, trained on CLARA’s extensive database of closed claims, generates insightful recommendations derived from millions of data points, including a carrier’s historical information.
IAT Insurance Group selected Claims DocIntel Pro for its ability to scrutinize legal demands and medical records, areas known for their complexity and high cost. By efficiently uncovering relevant information, Claims DocIntel Pro shortens the claim process and potentially reduces financial losses.
CLARA Analytics CEO Heather H. Wilson praised IAT Insurance Group’s forward-thinking approach. “IAT Insurance Group recognizes the transformative potential of generative AI. We are proud to have them as a proponent of Claims DocIntel Pro, which highlights the significant value our product offers in shaping the future of claims processing.”
About IAT Insurance Group
IAT Insurance Group is a privately held specialty insurer offering property, casualty, and surety products for niche markets. The company operates through various business units, including Commercial Transportation, Homeowners, Programs, Inland Marine, Property and Aviation, Excess & Surplus, Reinsurance, Surety, and Management Liability. IAT Insurance Group holds an A- Excellent rating from A.M. Best. For more information, visit IAT Insurance Group and connect on LinkedIn.
About CLARA Analytics
CLARA Analytics, headquartered in Silicon Valley, is a leading provider of AI as a Service (AIaaS) focused on improving casualty claims outcomes. Utilizing image recognition, natural language processing, and other AI techniques, CLARA’s platform extracts insights from medical records, legal documents, and bills. The predictive capabilities of CLARA’s technology assist claim professionals in reducing costs and optimizing claim outcomes. For more details, visit CLARA Analytics and follow them on LinkedIn and Twitter.
